Holistic decision making encourages us to be aware of our actions and their impact on the whole
Every single minute of human history is marked by decisions that affect every aspect of life, often far from the site of the decision itself. Collectively, these decisions have brought us to where we are today: to an environment marked by economic unpredictability, social instability and environmental degradation. Clearly, it is time to challenge the way in which we make decisions.
3. Relational Learning
Stanford’s James March and Nobel Laureate Herbert Simon have also identified this problem and described the common motivation to use bland alternatives, stating that perceived time pressure begins to mount as decision-making reaches the idea stage, often creating artificial pressure to adopt the first workable idea that is uncovered.
[This article has been reprinted, with permission, from Rotman Management, the magazine of the University of Toronto's Rotman School of Management]